THE MONETARY POLICY TRANSMISSION MECHANISM THROUGH INTEREST RATE. EMPIRICAL ANALYSIS: ROMANIA
Gabriel Bistriceanu
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Gabriel Bistriceanu: Academy of Economic Studies, Bucharest
Theoretical and Applied Economics, 2008, vol. 12(517)(supplement), issue 12(517)(supplement), 108-115
Abstract:
Understanding monetary policy transmission is necessary to moentary policy projection and implementation of monetary policy in a efficient manner. I consider that interest rate monetary policy mechanism is very important because the interest rate is now the main instrument used by the majority of central banks in the world in taking monetary policy decissions and by all central banks wich have inflation targeting strategy. In this paper, I analysed monetary policy transmission mechanism through interest rate and I made an empirical analysis of this on Romania.
Keywords: monetay policy transmission; interest rate; GDP; aggregate demand, inflation. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(517)(supplement):y:2008:i:12(517)(supplement):p:108-115
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